Tuesday, 23 April 2019

Tag Archives: technology

New Zealand blocks Huawei, in blow to Chinese telecom giant

NEW YORK TIMES: New Zealand has blocked Huawei from supplying technology for a next-generation mobile data network in the country, joining the United States and other developed countries that see the Chinese telecommunications equipment maker as a security threat. New Zealand’s intelligence agency rejected a proposal from Spark, one of ...

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Facebook CEO plans 2019 forums on tech’s role in society

NEW YORK: Facebook Chief Executive Mark Zuckerberg unveiled his personal goal for 2019: convening a series of public forums on how technology can better serve society. “My challenge for 2019 is to host a series of public discussions about the future of technology in society – the opportunities, the challenges, ...

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Trade wars cost US, China billions of dollars each in 2018

CHICAGO : The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, ...

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ASOS ups investment as sales grow 27 percent

LONDON: Online fashion retailer ASOS said it would step up its investment in logistics and distribution after reporting a 27 percent rise in first-half sales on Wednesday and forecasting similar growth in the second half. The British company, which targets twenty-something shoppers, reported retail sales of 1.13 billion pounds, and ...

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London was top destination for tech funding in 2017

LONDON was the top city in Europe for technology investment last year, with more funding going into companies in the British capital than into firms based in Paris, Berlin and the next seven cities combined, data showed on Friday. Tech firms in London attracted 2.45 billion pounds ($3.3 billion) in ...

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Ad firms using tools to help them read your mind

Why did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap into the unconscious to divine the invisible forces that drive those spending decisions. Using gadgets to track eye movements, computer maps of faces to capture a momentary grin ...

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Uber hacked trade secrets, bribed foreign officials, court letter says

WASHINGTON: A former Uber employee has alleged that a special division within the global ride-hailing app was responsible for acts of corporate espionage, the theft of trade secrets, the bribery of foreign officials and several means of unlawful surveillance. The allegations against Uber were part of a latter dubbed as ...

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What Really is a “Blockchain”?

LONDON: Much has been said about the revolutionary potential of the blockchain technology. Besides its current use as the backbone to verify and record digital transactions of Bitcoin, the blockchain technology has also been touted as the technology that can replace expensive accounting and payment networks in the financial industry, ...

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Google puts Uber on alert by investing in arch-rival Lyft

LONDON: Alphabet’s growth-stage investment division, CapitalG, will lead the the investment, which comes four years after Google Ventures, which targets early stage companies, made a $250m investment in Uber. Lyft only operates in the US, but it now has a quarter of the market there, growing its share as Uber ...

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Technology billionaires lose $16 billion as stocks sink

LONDON: Technology tycoons lost $15.5 billion from their fortunes on Monday as a sell-off of the sector’s most valuable companies intensified. Facebook Inc.’s Mark Zuckerberg saw the biggest drop in net worth of $3.2 billion, followed by a $1.3 billion decline for Alibaba Group Holding Ltd.’s Jack Ma and a ...

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